Northland Securities Forecasts Strong Price Appreciation for inTEST (NYSE:INTT) Stock

inTEST (NYSE:INTT) had its target price lifted by Northland Securities from $10.00 to $13.00 in a research report released on Monday morning,Benzinga reports. They currently have a market perform rating on the stock.

Separately, Northland Capmk cut shares of inTEST from a “strong-buy” rating to a “hold” rating in a research note on Monday, August 5th.

inTEST Stock Up 1.1 %

NYSE INTT opened at $7.94 on Monday. inTEST has a 52 week low of $6.28 and a 52 week high of $14.35. The company has a quick ratio of 1.46, a current ratio of 2.24 and a debt-to-equity ratio of 0.09. The company has a market capitalization of $99.41 million, a P/E ratio of 34.52 and a beta of 1.92. The stock’s 50-day moving average price is $7.05 and its 200-day moving average price is $8.75.

inTEST (NYSE:INTT) last posted its quarterly earnings results on Friday, November 1st. The company reported $0.10 earnings per share for the quarter, topping analysts’ consensus estimates of $0.07 by $0.03. inTEST had a net margin of 2.33% and a return on equity of 5.33%. The business had revenue of $30.27 million during the quarter, compared to analyst estimates of $32.97 million. On average, equities research analysts predict that inTEST will post 0.35 earnings per share for the current year.

Insider Activity at inTEST

In other inTEST news, CEO Richard N. Jr. Grant sold 6,788 shares of the business’s stock in a transaction dated Tuesday, August 27th. The shares were sold at an average price of $6.97, for a total value of $47,312.36. Following the completion of the sale, the chief executive officer now directly owns 164,929 shares of the company’s stock, valued at $1,149,555.13. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 5.50% of the stock is currently owned by insiders.

Hedge Funds Weigh In On inTEST

Hedge funds and other institutional investors have recently made changes to their positions in the company. Ground Swell Capital LLC purchased a new stake in inTEST in the second quarter worth about $112,000. Redwood Wealth Management Group LLC purchased a new stake in shares of inTEST in the 2nd quarter worth approximately $132,000. American Century Companies Inc. bought a new position in shares of inTEST during the second quarter valued at approximately $145,000. Allspring Global Investments Holdings LLC increased its holdings in inTEST by 21.2% during the first quarter. Allspring Global Investments Holdings LLC now owns 14,153 shares of the company’s stock valued at $188,000 after buying an additional 2,476 shares during the period. Finally, Federated Hermes Inc. bought a new position in inTEST in the second quarter worth approximately $436,000. Institutional investors own 63.18% of the company’s stock.

inTEST Company Profile

inTEST Corporation provides test and process technology solutions for use in manufacturing and testing in automotive, defense/aerospace, industrial, life sciences, security, and semiconductor markets worldwide. The company operates through three segments: Electronic Test, Environmental Technologies, and Process Technologies.